Algert Global LLC Grows Position in Kyndryl Holdings, Inc. (NYSE:KD)

Algert Global LLC grew its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 34.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,166 shares of the company's stock after purchasing an additional 11,519 shares during the period. Algert Global LLC's holdings in Kyndryl were worth $1,563,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Kyndryl in the fourth quarter valued at approximately $30,000. Millstone Evans Group LLC acquired a new position in shares of Kyndryl in the 4th quarter valued at approximately $35,000. Picton Mahoney Asset Management acquired a new position in Kyndryl during the 4th quarter worth approximately $38,000. EverSource Wealth Advisors LLC boosted its position in Kyndryl by 35.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock worth $39,000 after acquiring an additional 297 shares during the last quarter. Finally, Sandy Spring Bank boosted its holdings in shares of Kyndryl by 41.2% in the 4th quarter. Sandy Spring Bank now owns 1,514 shares of the company's stock valued at $52,000 after buying an additional 442 shares during the last quarter. 71.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Susquehanna lowered their price objective on Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Oppenheimer lifted their price target on Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a research note on Tuesday.

Kyndryl Trading Up 5.5%

KD stock traded up $2.15 during mid-day trading on Tuesday, reaching $41.17. The company's stock had a trading volume of 2,928,049 shares, compared to its average volume of 2,030,455. The company has a market cap of $9.58 billion, a price-to-earnings ratio of 74.85, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. Kyndryl Holdings, Inc. has a 12 month low of $21.34 and a 12 month high of $43.61. The business's 50 day moving average price is $32.45 and its 200 day moving average price is $34.13. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55.

Kyndryl (NYSE:KD - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. The business had revenue of $3.80 billion for the quarter, compared to analysts' expectations of $3.77 billion. Kyndryl had a return on equity of 7.22% and a net margin of 0.91%. The business's revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. On average, equities research analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Kyndryl Profile

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.